Month: April 2010

The Gold and Silver Manipulation spanning decades (going back well back into 1980s) has now taken mammoth proportions, one that could bankrupt not just a few banks but entire countries along with their central banks. Prime in this network are the Bank of England and the FED reserve who have been caught on the wrong side.In an age of technology, Truth has started to take its stand against the mammoth cartel of the spider web of giant Investment Banks and Dealer Networks who are fronts for the governments and shadowy agencies (Rothschilds and the likes) whom they represent. Truth shall win and they better know this for their own sake.Hitler spoke proudly about Gold manipulation “Gold is a state policy” meaning anyone found holding Gold will be punished. It is almost as if we are living in Hitler market in the precious metals pit.For the first time now, the CFTC (The regulator) has a whistle blower testimony to make a legal move against the cartel of JPM and other trader network. In an incredible audio interview, the London based former Metals trader, Andrew Maguire, chronicled the silver manipulation, Trade by Trade in his running commentary to CFTC. This testimony is being ignored and being pushed under the carpet. Am yet to see main stream coverage of this mammoth fraud clinically and brilliantly uncovered by Andre Maguire, who is now a marked man for the cartel. He already has been involved in a Hit and Run case where a speeding car almost took him down. What is even more interesting, the driver has been caught and yet his testimony is still not being published. Why did he do it? Who paid him to do it? None of the details have emerged.But for those who are on the Internet and can help in letting this be know to all, this is that interview and must be downloaded and kept for records. No one knows when the King Wold News website will be taken down which brought us this interview with Andrew and Adrian. We have already had one extraordinary attack on the website couple of days back through a coordinated DOS attack.Those who have not heard the interview of Andrw Maguire, please do listen to this bombshell and make your judgement on why it is not being given the importance in US justice department. This man while guilty along with the others had the nerve to stand up to the cartel.The century biggest Fraud revealedAt a point within the interview Adrian Douglas makes the point that the Gold Market in LBMA (London Metals Exchange) is to the tune of $5.5 Trillion. And that is Gold contracts cleared only in London. Imagine COMEX when added to those volumes. We are talking of a market which is more than the economy of China and nearly 60% of US economy.That market was closer to a few Billions in 1997 as noted by this article published in FT.Literally at the crack of London dawn on January 30, 1997, the London Financial Times printed the following:The important point note is that the market is not made of Physical Gold but paper contracts exchanged in the form of Futures trades. This gives us the illusion of Price discovery and allows the players in the market to control and manipulate Gold and Silver Prices at will.The recent hearing at CFTC were already under scrutiny of the cartel as this rather innocuous headline in Wall Street Journal indicatesThe article continues its rant which can make one angry at even the language being used to describe the ones aho are trying to bring justice to this dark and ill understood market:The CFTC called in a hearing n march 25 2010 post Andrew Testimony, which was to be live cast. Now, there were more than a few strange going ons at the hearing, one of which was that the video feed went dead just as Bill Murphy was about to detail the Maguire story for the CFTC. HereÃ¢â‚¬â„¢s the video (that no one was able to see at the time) in which Murphy details MaguireÃ¢â‚¬â„¢s charges that massive short positions by HSBC and JP Morgan aimed out flushing out longs occur regularly and predictably, in a coordinated fashion.
Let me address the cartel if ever they come across my writing: Truth will come out. Your days are counted. You will be taken down. Every reader of this should make your own judgments on the sequence of extra ordinary events that have occurred from Jan 2010 to March 2010 including the Andre Maguire Testimony, his near Death, CFTC hearing going blank at critical times, and most importantly the forced ignorance of this mammoth Fraud which is being ignored by Main Stream even to the point of not having the desire to look one level deeper into all the Mire and dirt in the Precious metal markets. Contrarian

S&PS&P short interest have hardly changed giving us very little clues after last weeks record short covering by large funds and institutions. There have been no follow up to the short covering and hence leaves the downside exposed for the coming week. We expect the S&P to correct and continue to be bearish short term. While our bearish all last week has not born fruit, it has not harmed us either as S&P still is stitting at the juncture where it can correct strongly to levels closer to 1120.

GoldGold has shown no interest to move either ways. The open interest in Gold continues to be confusing with no clear breakout. Long contracts shed another 11,000 contracts to end at 173,000 which is 9 month low. Whenever Gold has seen such low levels of long contracts, it has found a reason to trigger an up move that can leave many surprised.

OilWe have been bullish crude for 2010 and have termed it as “Black Gold” for 2010 with the best chances of providing a 20% rise. Long cotracts have increase by 5000 over last week to 117,000 long contracts.You can read those at:Oil Looks bullishOil trend movePosted in Global

In a stunning bit of news, IMF has refused to sell the 200 ton of remaining Gold bars to an Investment firm from Canada without offering any credible reasons. The question that now is getting asked is whether the Gold actually exists? If Yes, where is it. Straight from GATAFrom GATA:As as I said this is getting murkier and more loud than the Gold cartel would like to happen. From a blog who has sequenced the events and be found here:This is getting to be one hell of a ride for the Cartel. It could be much more than what they have bargained for.ShailyShare on Facebook